How to use the RMB digital currency and how to use the digital yuan?

1. The user scans the merchant payment code for consumption.

When the user uses the payment code to pay the merchant for the first time, he can choose to enable or not enable the small amount password-free;

If the user chooses to enable the small-amount password-free, the payment code will be displayed after entering the wallet payment password; If you choose not to enable the small amount of password-free, the payment code will be displayed directly.

1. There are two ways to e-RMB.

One is to put it in the card, known as the "hard wallet", its use is a bit like a bus card, close to the card can be completed payment, but the bus card can not be directly to the bus company after the money is swiped, the bank needs to settle the account to arrive, the digital yuan arrives on the spot, and the card is the process of handing over the digital yuan with one hand.

The other is the digital yuan recorded in various banks, known as the "soft wallet", and the transaction methods are two ways: scanning through smart pos*** and touching the mobile phone.

2. How to use the e-CNY (soft) wallet?

2.After logging in successfully, click [Personal Digital Wallet], and then click [Scan Code Pay] in the upper right corner to scan the merchant payment code to pay.

3.You can also directly press and hold up on the upper page to pay;

4.First-time users will choose whether to enable the small amount of password-free, and you can choose at will;

5.At the time of payment, simply display the payment code directly to the merchant.

Operating Environment: Huawei.

Extended Materials. 1. What does digital yuan mean?

Digital RMB is a new encrypted electronic currency launched by the People's Bank of China, mainly used in small-amount retail high-frequency business scenarios, using a two-tier operation system, the central bank first exchanges the digital currency to banks or other operating institutions, and then these institutions exchange to consumers. The popular interpretation is the means, ways and methods of pure digital network circulation, which carry out online transactions, exchanges, exchanges and circulation, rather than the cash transactions issued and circulated in the real version. The digital yuan is not a virtual currency, nor is it an online payment or e-wallet, but a legal digital currency issued by the central bank based on national credit.

The most obvious difference between e-CNY and WeChat Pay and Alipay is that WeChat Pay and Alipay require us to bind a bank card and choose a card for consumption when paying, while e-CNY does not need to be bound to a bank card in the traditional way and can exist separately. In addition, the digital yuan is a legal tender and has a legal compensation effect, and the sharp rise and fall of "virtual currencies" such as Bitcoin will not occur before. Digital currency is equivalent to cash, it does not need to be transported, which can save a lot of manpower and material resources.

The use of e-CNY red envelopes is divided into two categories: "users scan merchant payment code for consumption" and "merchants scan user payment code for consumption".

New features of the digital yuan.

The digital yuan is more convenient and can achieve dual offline payments without relying on the Internet; More secure, support anonymous payment, protect personal privacy; It can reduce cross-border transaction costs, reduce handling fees, and improve the speed of clearing.

Due to the security, convenience, and financial stability of the digital yuan, the central banks of many countries have begun to research and test digital currencies. China began to promote digital currency in 2014 and established a digital currency research group. At present, the central bank is conducting digital currency pilots in Shenzhen, Suzhou, Chengdu, Xiong'an and the Winter Olympics, and optimizes and improves the corresponding functions through continuous testing.

As long as the mobile phone with the digital currency wallet is held together, you can easily complete the transfer or payment. With the latest dual offline technology, it can be used even when there is no cell phone signal.

The digital currency of the People's Bank of China can be regarded as digital RMB cash, not relying on bank accounts and payment accounts, the future central bank digital currency will replace part of the cash, but will not replace all paper money, if the pilot test of the digital yuan goes smoothly, the Beijing 2022 Winter Olympics may be able to "get a glimpse".

Can I withdraw cash from the digital yuan.

Regarding how to use digital yuan red envelopes for consumption, Shenzhen released an official introductionThe use of e-CNY red envelopes is divided into two categories: "users scan merchant payment code for consumption" and "merchants scan user payment code for consumption".

Changsha distributed 40 million yuan of digital RMB red envelopesThe Changsha digital RMB red envelope activity hosted by the Changsha People** and the Changsha Central Branch of the People's Bank of China was launched recently. 10,000 people participated in the appointment lottery, and after the lottery on May 31, 300,000 lucky winners received red envelopes ranging from 100 yuan and 200 yuan respectively.

This activity was jointly supported by six pilot operating institutions, namely Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications and Postal Savings Bank, and two pilot service institutions of Hunan Rural Credit Union and Bank of Changsha.

The RMB has ushered in a major change in the past 72 years, and the Ministry of Commerce recently issued the "Overall Plan for Comprehensively Deepening the Pilot Program for the Innovation and Development of Services", in which the pilot areas and usage scenarios of the digital RMB announced have attracted attention. Whether it is a paper yuan or a digital yuan, it will have a huge impact on the economy and politics. What exactly is the digital yuan?

What impact does it have on our lives? In this issue of FX110 Soul Convergence a picture will take you to understand!

Registration is required to activate the digital yuan.

2. Then open the bank's digital wallet and bind the wallet to the bank's bank card, deposit money into it, swipe up the digital yuan to pay, slide down to collect, the merchant scans the code with the POS machine, and the user confirms the consumption amount and enters the payment password to make the payment successfully.

3. Users scan the merchant's collection code for consumption: First, they need to log in to the "e-CNY app", then click on the personal digital wallet, and click on the "Scan Code Payment" in the upper right corner to scan the merchant's collection code to pay.

Log in to the "e-CNY APP", click on the personal digital wallet, and click on "Swipe up to pay"; Show the payment code to the merchant, and the user can choose to enable or not enable the small amount of password-free when using the payment code to pay to the merchant for the first time; If the user chooses to enable the small-amount password-free, the payment code will be displayed after the payment password of the loser's wallet; If you choose not to enable the small amount of password-free, the payment code will be displayed directly.

Extended Materials. About the digital yuan.

1) The digital yuan is the People's Bank of China.

A new encrypted electronic currency was launched, which is mainly used in high-frequency business scenarios of small retail sales, and adopts a two-tier operation system, the central bank.

Put the digital currency first.

Redemption to banks or other operating establishments, which in turn convert them to consumers.

2) The concept of digital yuan has two important points, one is that digital yuan is a digital form of legal tender; Another point is that it is equivalent to banknotes and coins, and the digital yuan is mainly positioned at M0, that is, cash and coins in circulation. Mainly positioned as cash-like payment vouchers, they will coexist with physical RMB for a long time, mainly to meet the public's demand for digital cash and help inclusive finance.

3) It is understood that the digital yuan is not a virtual currency.

It is also not an online payment or an e-wallet, but a fiat digital currency issued by the central bank based on national credit.

4) Digital RMB, which is a digital form of legal tender issued by the People's Bank of China, is operated by designated operating institutions and exchanged to the public, based on the generalized account system, supports the loose coupling function of bank accounts, is equivalent to banknotes and coins, has value characteristics and legal compensation, and supports controllable anonymity.

5) The digital yuan represents the digitization of the renminbi and making it a liquid currency. Because the digital yuan is the yuan, it is essentially the same as the paper yuan we use, except that the carrier has become a mobile phone. In this regard, the way we use the digital yuan is to use it directly, whether it is to go to the store or the bank, or to pay the utility bill, phone bill, etc., we can use it.

Operating environment Apple X

The version number of the digital yuan.

Digital Yuan.

It can only be used in the consumption scenarios specified in the pilot areas, such as some government agencies and institutions; The pilot area is mainly used in small-scale scenarios such as transportation card recharge, catering, and retail.

1.Digital currency.

It is the electronic version of the RMB, Li Jingchen can replace the cash in circulation in terms of positioning, but it is not widely used, and it is currently being piloted in different regions. The digital yuan is developed by the People's Bank of China.

The issuance of digital form of legal tender, which is operated by a designated operating institution and exchanged to the public, is based on a generalized account system, supports the loose coupling function of bank accounts, is equivalent to banknotes and coins, has value characteristics and legal compensation, and supports controllable anonymity.

2.Convenience is one of the big advantages of the digital yuan.

The e-CNY app not only supports the popular QR code payment, but also supports "touch and touch" payment. Both devices are equipped with the DC EP digital wallet, which allows you to complete the payment with just one touch, which is very convenient to operate. What's more, users are able to pay this way, even without an internet connection.

In this way, it avoids the dilemma that the mobile phone has no manuscript and the network cannot pay.

3.Secondly, the advantages of the digital yuan are not only convenient, but also safe.

First, the digital yuan is backed by national credit and has the same status as paper money. Second, the digital yuan is backed by a number of technologies such as blockchain to ensure its security. In order to protect the privacy of users, the digital yuan is "small and anonymous", and users can use it with confidence in their daily lives.

and through the experience), and then receive a RMB red envelope;

2.After logging in successfully, click [Personal Digital Wallet], and then click [Scan Code Pay] in the upper right corner to scan the merchant payment code.

Payment; 3.You can also directly press and hold up on the upper page to pay;

4.First-time users will choose whether to enable the small amount of password-free, and you can choose at will;

5.At the time of payment, the payment code is displayed directly to the merchant.

Operating environment: Huawei nova4

Digital currency. Digital money, electronic money or electronic currency) is a type of money that exists in digital form (unlike physical objects such as banknotes and coins). It exhibits properties similar to physical currency, but can allow for instant trading hail and borderless ownership transfers.

Instances include virtual currency.

Cryptocurrencies as well as banks.

The currency of the issuance that is booked in a computer database (including the digital base currency.

Like traditional currencies, these currencies may be used to purchase physical goods and services, but they may also be restricted in certain communities, such as in online games.

1. Investors must first register an account and obtain a digital currency account and a US dollar or other foreign exchange account at the same time.

2. Users can buy and sell digital currencies with the money in their cash accounts, just like buying and selling **and**.

3. The trading platform will sort the ** request and the sell request according to the rules and start matching, and if the requirements are met, the transaction will be completed.

4. Due to the difference between the sell volume submitted by the user, a ** or sell request may be partially executed.

1. Cryptocurrency refers to a digital currency that does not rely on any physical object and uses a cryptographic algorithm, and now refers to the English cryptocurrency (meaning Bitcoin.

digital currencies, including Bitcoin).

For example, Bitcoin, Litecoin.

Bitshares, for example, are digital currencies that rely on cryptography and verification technology to create, distribute, and maintain. Cryptocurrencies are characterized by the use of peer-to-peer technology and the fact that everyone can issue them.

Cryptocurrencies are divided into open mining cryptocurrencies (represented by Bitcoin) and issued cryptocurrencies.

2. Since 2001, the European Union has implemented the last revised 2009 "On the acceptance, tracing and prudential regulation of electronic money".

Institutional Business". As the 2007 EU Payment Services Directive calls for the merger of payment institutions and electronic money institutions, doubts have arisen about the true nature of EU electronic money. This consolidation may mean that electronic money has the same nature as bank money or demand deposits.

In the United States, electronic money is governed by Title 4a of the Uniform Commercial Code for Wholesale Transactions and the Electronic Funds Transfer Act for Consumer Transactions. **The liability of the merchant and the consumer are governed by the Ordinance.